1615 E 47th ST, Cleveland, OH 44103
1615 E 47th ST, Cleveland, OH 44103
1615 E 47th ST, Cleveland, OH 44103
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Zachary Underwood

Zachary Underwood

+1(330) 932-0665
$255,000
Est. payment /mo
7 Beds
4 Baths
2,159 SqFt
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,159 sqft

Price per Sqft $118

Subdivision Alexander Macinthosh Allotment

MLS Listing ID 5194288

Bedrooms 7

Full Baths 4

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 2,159

Year Built 1880

Annual Tax Amount $925

Tax Year 2025

Lot Size 4,229 Sqft

Acres 0.0971

Property Sub-Type Triplex

Property Description

Stylishly rehabbed triplex is conveniently located minutes from Downtown Cleveland, Cleveland State University and The Cleveland Clinic's main campus. Completely remodeled 3-unit in 44103 has been grossing $3,500/month or $42,000/year! This property EASILY beats the 1% Rule and 10-Cap benchmark. Everything is new, from the roof, siding, vinyl windows, and new concrete parking pads and driveway to mechanicals and interior finishes. There are two units on the ground floor, each with 2-bedrooms and 1 bath. The entire second floor is a 3-bedroom unit with 2 FULL bathrooms and a covered porch. All three kitchens have new cabinets with granite counters and newer stainless steel appliances including fridge/freezer, range, dishwasher and microwave. Each of the three units has Central AC and in-unit washers and dryers. Owners pay all utilities and charge tenants a flat monthly fee. Total utility fees were generating $310/month when fully occupied. LEAD CERTIFICATE valid through April 2027.

Location

State OH

County Cuyahoga

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Appliance Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer

Laundry In Unit

Exterior

Parking Features Parking Lot, Parking Pad

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 104-25-069

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

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Northern Ohio Regional MLS (YES-MLS)
Listed by Sophie Boehlen • Premier Heights Realty LLC • 216-860-0005, sophie@premierheights.com

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Zachary Underwood

Zachary Underwood

+1(330) 932-0665

Broker | License ID: BRKP.2014000258

Broker License ID: BRKP.2014000258

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